weekly market snapshot

Perth weekly market snapshot for the week ending 04 February 2024

Sales transactions in Perth saw a notable surge last week, soaring by 25.5% compared to the previous week, reporting a total of 984 transactions, indicating heightened activity in the local real estate market.

Sales transactions in Perth surged by 25.5% from the previous week, reaching 984 transactions. House sales led the increase with a 36.3% rise, while unit sales dipped by 14.0%, and land sales surged by 87.9%.

Top performing suburbs – sales

Baldivis – 15
Gosnells – 15
Como – 12
Ellenbrook – 12
Maylands – 12

Perth’s most expensive sale: Bassendean – $1,850,000
Perth’s most affordable sale: Maylands – $265,000

There were 3,860 properties for sale in Perth at the end of last week, similar to the previous week. House listings increased by 0.9%, unit listings by 2.9%, while vacant land listings decreased by 7.8%.

Last week's total properties available for sale in Perth increased by 5.9% compared to four weeks ago, yet remain 45.0% lower than a year ago, indicating ongoing market trends.

In Perth's rental market, there were 1,862 properties for rent in Perth at the end of last week, which is 4.9 per cent lower than the week prior. Last week's rental listings figure is 2 per cent higher than four weeks ago and similar to a year ago.

Top performing suburbs – rentals

Perth – 31
East Perth – 27
Baldivis – 20
Scarborough – 16
Rivervale – 14

754 properties were leased last week, marking a 26.7% decrease from the previous week but a significant 143.2% increase compared to four weeks ago, reflecting a dynamic rental market.